Greg Mankiw's Blog

Random Observations for Students of Economics

Latest articles

Ranking economists

 ...with google trends. (More complete ranking here.)

Market Power in Neoclassical Growth Models

Click here to read my most recent paper, coauthored with Larry Ball. Here is the abstract:This paper examines the optimal accumulation of capital and the effects of government debt in neoclassical growth models in which firms have market power and therefore charge prices above marginal cost. In this environment, the real interest rate earned by savers...

Watch the Speed Limit

Click here to read my column in this coming Sunday's New York Times.

Upcoming Webinar

I will be giving a webinar open to all on March 5. You can find more information and register here.

My recent "visit" to the LSE

Fiscal Stimulus Around the World

CBO on the Minimum Wage

NPR reports:Raising the federal minimum wage to $15 an hour by 2025 would increase wages for at least 17 million people, but also put 1.4 million Americans out of work, according to a study by the Congressional Budget Office released on Monday.A phase-in of a $15 minimum wage would also lift some 900,000 out of poverty, according to the nonpartisan...

GameStop

Sebastian Mallaby was a good column on the GameStop phenomenon.A family member also suggested a good hypothesis: The bubble is being being driven by internet trolls. The right model of a troll is a person willing to waste his time and money to get other people to waste their time and money. 

A Discussion about My Favorite Textbooks

ASSA 2021

 If you want to see me at the upcoming virtual ASSA meeting, you can do so at this session:Sunday, January 3, 12:15 PM to 2:15 PM (EST)What Does Critical Thinking Mean in Economics, the Big and Little of It?Hosted By: American Economic Association & Committee on Economic EducationChair: Gail Hoyt, University of KentuckyWhat Does Critical Thinking...

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